Wall Street brokerages expect MakeMyTrip Limited (NASDAQ:MMYT) to post earnings of ($0.35) per share for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for MakeMyTrip Limited’s earnings, with the highest EPS estimate coming in at ($0.33) and the lowest estimate coming in at ($0.36). MakeMyTrip Limited reported earnings of ($0.12) per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 191.7%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, January 30th.
On average, analysts expect that MakeMyTrip Limited will report full year earnings of ($2.22) per share for the current year, with EPS estimates ranging from ($2.38) to ($2.04). For the next year, analysts expect that the business will report earnings of ($1.46) per share, with EPS estimates ranging from ($1.73) to ($1.19). Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for MakeMyTrip Limited.
MakeMyTrip Limited (NASDAQ:MMYT) last released its earnings results on Wednesday, November 1st. The technology company reported ($0.45) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.72) by $0.27. MakeMyTrip Limited had a negative net margin of 31.73% and a negative return on equity of 12.74%. The company had revenue of $139.20 million during the quarter, compared to the consensus estimate of $110.72 million. During the same quarter in the previous year, the firm earned ($0.61) EPS. The company’s revenue was up 161.7% on a year-over-year basis.
Several research firms have recently commented on MMYT. Zacks Investment Research raised shares of MakeMyTrip Limited from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Saturday. ValuEngine lowered shares of MakeMyTrip Limited from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $31.50 price target on shares of MakeMyTrip Limited in a report on Friday, October 13th. UBS Group AG (USA) lowered shares of MakeMyTrip Limited from a “buy” rating to a “sell” rating and set a $30.00 price target for the company. in a report on Wednesday, September 20th. Finally, TheStreet raised shares of MakeMyTrip Limited from a “d” rating to a “c-” rating in a report on Tuesday, July 25th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. MakeMyTrip Limited has an average rating of “Hold” and a consensus price target of $30.10.
A number of institutional investors have recently bought and sold shares of MMYT. Janus Henderson Group PLC acquired a new position in MakeMyTrip Limited during the 2nd quarter valued at about $80,153,000. Franklin Resources Inc. boosted its stake in MakeMyTrip Limited by 110.7% during the 2nd quarter. Franklin Resources Inc. now owns 1,930,468 shares of the technology company’s stock valued at $64,753,000 after purchasing an additional 1,014,468 shares during the period. Capital World Investors boosted its stake in MakeMyTrip Limited by 20.9% during the 2nd quarter. Capital World Investors now owns 5,679,214 shares of the technology company’s stock valued at $190,201,000 after purchasing an additional 981,229 shares during the period. William Blair Investment Management LLC acquired a new position in MakeMyTrip Limited during the 2nd quarter valued at about $25,187,000. Finally, JHL Capital Group LLC boosted its stake in MakeMyTrip Limited by 32.5% during the 2nd quarter. JHL Capital Group LLC now owns 1,656,000 shares of the technology company’s stock valued at $55,559,000 after purchasing an additional 406,000 shares during the period. 43.49% of the stock is owned by hedge funds and other institutional investors.
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MakeMyTrip Limited (NASDAQ:MMYT) traded up $2.42 during midday trading on Friday, hitting $27.20. 843,548 shares of the stock traded hands, compared to its average volume of 744,357. MakeMyTrip Limited has a 1-year low of $22.05 and a 1-year high of $40.90.
About MakeMyTrip Limited
MakeMyTrip Limited is an online travel company in India. The Company’s services and products include air ticketing, hotels, packages, rail tickets, bus tickets, car hire and ancillary travel requirements, such as facilitating access to third-party travel insurance and visa processing. Its segments include Air ticketing, which provides the facility to book international and domestic air tickets through an Internet-based platform; Hotels and packages, which provides holiday packages and hotel reservations through an Internet-based platform, call-centers and branch offices, and Others, which include advertisement income from hosting advertisements on its Internet Web-sites, income from sale of rail and bus tickets and income from facilitating Website access to a travel insurance company.
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